Public Employees Retirement System of Ohio Makes New Investment in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Public Employees Retirement System of Ohio purchased a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,626 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds have also modified their holdings of the business. XTX Topco Ltd acquired a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at $54,000. Apollon Wealth Management LLC boosted its stake in shares of Lithium Americas (Argentina) by 25.8% during the third quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock valued at $93,000 after acquiring an additional 5,870 shares during the last quarter. General Motors Holdings LLC purchased a new stake in Lithium Americas (Argentina) during the 3rd quarter worth about $48,907,000. M&G PLC raised its stake in Lithium Americas (Argentina) by 11.2% in the 3rd quarter. M&G PLC now owns 1,530,176 shares of the company’s stock valued at $4,591,000 after purchasing an additional 154,067 shares during the last quarter. Finally, Old West Investment Management LLC lifted its holdings in Lithium Americas (Argentina) by 193.6% in the 3rd quarter. Old West Investment Management LLC now owns 98,032 shares of the company’s stock valued at $320,000 after purchasing an additional 64,646 shares in the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Price Performance

Shares of NYSE LAAC opened at $2.72 on Friday. The company has a 50-day simple moving average of $3.30 and a 200-day simple moving average of $3.11. The company has a market cap of $440.45 million, a PE ratio of 0.35 and a beta of 1.31. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $6.69.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.